Kraken, one of the world’s largest cryptocurrency exchanges, is working on establishing its own bank in the United States. Here are some key points and a step-by-step process: Key Points Kraken is launching a crypto bank in the U.S. The bank will be based in the state of Wyoming. The bank aims to offer “a […]
Category Archives: Stablecoins
Compliance, Global Market, Latest Headlines, Securities, Stablecoins
This Week in Coins: Bitcoin Avoids Heavy Losses as FTX Contagion Spreads
22
Nov
Nov
This week saw continued FTX fallout week as many crypto companies confessed the extent of their exposure to the collapsed empire. In week two of the FTX disaster story, crypto investors can expect things to get worse before they get better. However, the two market leaders, Bitcoin and Ethereum, no longer appear to be in […]
Latest Headlines, Stablecoins
First XRPL-Based USD Stablecoin (USDS) Launched with SEC-Qualified Custodian
22
Nov
Nov
According to a recent press release, Stably Corporation, based in Seattle, has officially launched their multichain USD-stablecoin Stably USD under the USDS ticker. The coin released on XRP Ledger is the first ever USD-pegged stablecoin launched on XRPL as part of a cooperation between XRPL and Stably. The source also stated that USDS is a […]
FinTeck World Podcast, Stablecoins
Marius Ciubotariu, co-founder of Hubble Protocol | FinTech World Interview
21
Nov
Nov
FinTech World – October 19th Guest: Marius Ciubotariu, co-founder of Hubble Protocol BIO: Marius Ciubotariu is an Informatics Olympiad, and holds a degree in Economics and Statistics, and has been coding since the age of 13. As a Senior Software Engineer with Bloomberg Marius spent eight years building the firm’s Derivatives Pricing Platform, designing new […]
Compliance, Cryptocurrency, Latest Headlines, Regulation, Stablecoins
International Standard Setters Publish Guidance on Stablecoin Regulations
19
Jul
Jul
The Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published their final guidance on regulating stablecoins Wednesday. The guidance is a step toward implementing a “same risk, same regulation” legal framework for stablecoins, which are cryptocurrencies whose value is usually pegged to a national […]
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